901 S Canal St
Carlsbad, NM 88220
Retail Property For Sale

Property Highlights: •Cap Rate: 5.25% •NOI: $154,000 •20 Year Absolute Net Lease with 10% increases every 5 years •Four 5 year options with 10% increases per term •Operator has 34 stores in 3 states (NM, CO and CA) •Institutional Location •Nearby retailers include: Wendy's, McDonalds's, Domino's Pizza, Sears, Aaron's and Sonic Area Summary | Carlsbad, NM Carlsbad is the county seat of Eddy County, New Mexico and has a population of approximately 28,914 people. Carlsbad is located within the larger Permian Basin which covers much of west Texas and Southeast New Mexico. The Permian Basin is main economic driver in the region, with approximately 10 billion barrels of oil being produced annually. The oil basin is 250 miles wide and 300 miles long and has experienced major investments in 2018 from companies such as Exxon Mobile, Noble Energy, Parsley Energy and others.There are several other industries locally that benefit Carlsbad including the Potash Mine industry, Waste Isolation Pilot Plant (WIPP) and tourism industry which is anchored by the Pecos River and Carlsbad Caverns. Carlsbad is a regional city that draws residence from nearby communities such as Artesia, Loving and Pecos, TX.